A new report from the FHFA will require Federal Home Loan banks to take on more responsibility for affordable housing goals. The report suggests that the number of Home Loan banks may be reduced and executive compensation reduced by 80%. The banks have the option to challenge the redefinition of their mission or embrace it. The report does not quantify the taxpayer subsidy for the banks but recommends increasing the affordable housing assessment. The consolidation of banks could lead to significant cost savings.